Metro Detroit: Newsmakers Aug 4, 2008




Sports Business Journal:

The University of Michigan became the latest elite college athletic program to sell off a package of its media rights, bringing in $86 million through a 12-year deal with IMG College. The deal, which runs through June 2020, marks the first time Michigan has bundled all of its media rights into one package and marks the continuation of a trend where colleges are hiring companies, such as IMG College, to maximize revenue from those rights. Since IMG announced its acquisition of Host Communications late last year, the new IMG College unit has done multimedia deals with Nebraska, Oregon and Gonzaga. They will also partner with Sun Sports on a deal with the University of Florida. "More and more colleges are doing that," said Tom Stultz, IMG College's senior vice president and managing director. "Michigan decided it would generate more revenue for itself if it bundled all the rights together"... IMG pays $86M for Michigan rights (Mon, 8/4)

Reflecting a rapid growth in Catholic broadcasting, programs produced by Ave Maria Radio are currently airing in 120 radio markets, while also being carried on Sirius Satellite Radio and other outlets, with a combined potential audience of over 15 million Catholic listeners. Major radio markets in which Ave Maria programs are distributed to Catholic stations include Dallas, Indianapolis, New Orleans, Philadelphia, San Francisco, Seattle, and St. Louis. Ave Maria Radio also operates three stations of its own, in the Detroit and Saginaw metro areas of Michigan and in southwest Florida... Ave Maria Radio Programming Now Reaching Listeners (Mon, 8/4)







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This page contains a single entry by Mike Austerman published on August 4, 2008 9:35 PM.

Sales and Transactions: Week of July 18, 2008 was the previous entry in this blog.

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